Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10) despite operating losses during 2021. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Fair overall results on stability tests (4.7) including weak results on operational trends and fair risk adjusted capital in prior years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (17.1%), personal/comm auto (1.5%), other (81.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (92.7%), cash (2.1%), other (5.2%)
Corporate Info
Group Affiliation
SCOR SE
Investment Rating
--
Company Address
28 Liberty Street
New York, NY 10005
New York, NY 10005
Phone Number
(212) 480-1900
NAIC Number
39322
Website
Largest Affiliates